Tax Revenue 2021
Posted date:2022.09.17 Author：Kazuhisa Mochizuki
National Tax Revenue in 2021
Japan’s National tax revenue in fiscal year 2021 was about JPY67 trillion.
As opposed to the expectation of most people, the entire revenue exceeded the budget about by 5%, thanks to increases of revenue in major tax items, turning out to be larger than expected as a result of firm business earnings despite the coronavirus pandemic.
Consumption tax was par on Income tax as the largest tax item among tax revenues in the year, respectively amounting to JPY21 trillion.
Next to those two major tax items, Corporation tax contributed JPY13.6 trillion a 20% increase from the year 2021.
Largely lagging behind those three major tax items, Inheritance tax and Gasoline tax generated JPY2.7 trillion and JPY2.0 trillion respectively.
Aside from the National tax, Japan also has the Local tax revenue totaling to JPY38 trillion in fiscal year 2021, including Individual Inhabitant tax amounting to JPY14 trillion, Fixed asset tax of JPY9 trillion and others.